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George Soros says coronavirus may spell the end of the European Union
Daily Mail ^ | 22nd May 2020 | By JEMMA CARR

Posted on 05/23/2020 7:18:38 AM PDT by RandFan

Billionaire financier George Soros said the European Union could be forced to directly tax its citizens as the bloc faces collapse due to the coronavirus pandemic.

Covid-19 has wreaked havoc across the continent and stalled swathes of the global economy with governments forced to ramp up borrowing to levels not seen in peacetime history.

Mr Soros, 89, believes perpetual bonds - bonds that cannot be redeemed but provide continuous interest payments to investors - could keep the EU afloat.

But to fund these bonds, the EU may need to directly tax the citizens of its member states.

In a transcript of a question-and-answer session emailed to reporters, Mr Soros said the damage to the euro zone economy from the new coronavirus would last 'longer than most people think'.

He added that the rapid evolution of the virus meant that a reliable vaccine would be hard to develop.

The hedge-fund veteran and chairman of Soros Fund Management LLC said perpetual bonds - used by the British to finance wars against Napoleon - would allow the European Union to survive.

'If the EU is unable to consider it now, it may not be able to survive the challenges it currently confronts,' Soros said.

'This is not a theoretical possibility; it may be the tragic reality.'

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Foreign Affairs; Government; Miscellaneous
KEYWORDS: coronavirus; eu; europe; europeanunion; soros
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To: RandFan

We can only hope.


21 posted on 05/23/2020 7:41:40 AM PDT by Redleg Duke (We live on a tax farm as free-range humans!)
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To: RandFan

Taking more money from the people weakens their ability to resist being controlled. The increase tax plan in order to sustain the globalist’s dream of a borderless Europe has been in play all along. IMO, the CV-19 was orchestrated to be used to trigger the globalist’s NWO take over. The globalists have used wars to change the social structure of countries but the next war will go nuclear and that would negatively effect even the wealthy ruling elite globalists. War is their last resort and it will never be ruled out.


22 posted on 05/23/2020 7:46:24 AM PDT by drypowder
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To: DoughtyOne

I agree, the lock down has been devastating to entrepreneurs. We never should have locked down the economy. We should open back up immediately.

But it will come roaring back to fill the vacuum left by the financial carnage. The United States will lead the way, as always.


23 posted on 05/23/2020 7:46:56 AM PDT by Jeff Chandler (BLACK LIVES MAGA)
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To: Religion and Politics

He probably shorted the EU!


24 posted on 05/23/2020 7:46:57 AM PDT by Dr. Ursus
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To: Dr. Ursus

Yep...what you said. And just how much HCQ/Zinc/AZT is Georgie taking these days...


25 posted on 05/23/2020 7:52:42 AM PDT by goodnesswins (Anyone tired of the Chinese Fire Drill (tm) yet???)
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To: RandFan

Who cares what a One World Government /hate Trump/ worm thinks?


26 posted on 05/23/2020 7:53:12 AM PDT by I want the USA back (I fear my government more than the Chinese bug.)
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To: DoughtyOne

I speak from terrible experience

My thoughts....

Recessions weed out marginal businesses. This recession will be the same. Some will be reinvigorated. Some will start over. and, many former employees will take a chance and start their own business

The result will be new and different very small businesses that thrive by trial and error.

Banks are important. Those businesses judged to be fit will be provided loans.

In the current situation, Banks are forced to provide bad small business loans with government guarantees. They will have the headaches caused by the inability to repay the borrowed money.

Loan officers knew this and used up all the money on those deemed credit worthy. Those deemed marginal were not funded


27 posted on 05/23/2020 7:55:47 AM PDT by bert ( (KE. NP. N.C. +12) Progressives are existential American enemies)
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To: RandFan; All
".... George Soros says coronavirus may spell the end of the European Union...."

Based on what I we see in the democRAT-ruled blue states with their governors' dictatorial lockdowns and arbitrary authoritarian picking of winners and losers, this corona virus could spell the end of these United States as well, if it weren't for the leadership of Donald Trump riding roughshod over these liberals.

We are only getting a small peek into what life in America would be like if the democRATS controlled everything. Ego and ideology driven punitive policies to control the population and to penalize the "subjects" they think they "rule" be executive fiat.

28 posted on 05/23/2020 8:01:15 AM PDT by HotHunt (Been there. Done that.)
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To: RandFan

There is no problem that cannot be solved with more taxes!


29 posted on 05/23/2020 8:08:37 AM PDT by Mr. K (No consequence of repealing obamacare is worse than obamacare itself.)
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To: Mr. K

Soros will be exempt, of course.


30 posted on 05/23/2020 8:15:42 AM PDT by RandFan
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To: Steven Tyler
Corona is not killing the EU

But according to the ProgTrads the Wuhanic Plague is the sole cause of death for everything.

31 posted on 05/23/2020 8:18:17 AM PDT by Natty Bumppo@frontier.net (We are the dangerous ones, who stand between all we love and a more dangerous world.)
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To: RandFan

Anyone notice how none of the elites (e.g. Soros, Kissinger, etc.) are falling to Coronavirus?


32 posted on 05/23/2020 8:18:35 AM PDT by Jan_Sobieski (Sanctification)
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To: RandFan

Given his past, no doubt SorosIdiot has serious money hedged upon this outcome.


33 posted on 05/23/2020 8:22:19 AM PDT by cranked
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To: RandFan

HAHAHA!

This virus has exposed the EU to be the complete farce that it is. It has done NOTHING to help member states. It’s nothing more than centralized economic planning that picks winners and losers while enriching the un-elected politicians. It’s a damn cartel.

Now Soro’s thinks having a direct tax of the citizens of all these countries is needed? Wow, that’ll go down well. Collapsed economies, a non-existent EU emergency response, capped off with new taxes - lol.

The EU is history, now everyone can see it is *nothing* like a ‘United States of Europe’. It was always fascistic, founded by Nazi’s.


34 posted on 05/23/2020 8:29:01 AM PDT by fuzzylogic (welfare state = sharing of poor moral choices among everybody)
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To: RandFan

There’s always a silver lining...


35 posted on 05/23/2020 8:29:38 AM PDT by SaxxonWoods (Just sit in your house until the food stops coming and then starve. You'll be safe.)
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To: Jeff Chandler

The doomsayers are of course the very doomdoers who have created this mess. Given how easily they crashed the global economy and got everyone cowering in their homes, all liberties suspended and the ideas of increased surveillance and control, with an at least de facto forced en route, I don’t see them loosening their grip soon or easily.


36 posted on 05/23/2020 8:39:17 AM PDT by 9YearLurker
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To: Jeff Chandler

The doomsayers are of course the very doomdoers who have created this mess. Given how easily they crashed the global economy and got everyone cowering in their homes, all liberties suspended and the ideas of increased surveillance and control, with an at least de facto forced en route, I don’t see them loosening their grip soon or easily.


37 posted on 05/23/2020 8:39:17 AM PDT by 9YearLurker
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To: DoughtyOne

How do you know “they won’t come back”? Some small businesses go broke every day even in the best economic times. The people survive by taking a job and/or later reopening a business.


38 posted on 05/23/2020 8:43:22 AM PDT by SaxxonWoods (Just sit in your house until the food stops coming and then starve. You'll be safe.)
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To: Steven Tyler

Spot on socialism and one world government both take a hit.


39 posted on 05/23/2020 8:55:01 AM PDT by Vaduz (women and children to be impacIQ of chimpsted the most.)
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To: RandFan

Are there no good men able to permanently silence this oxygen thief !


40 posted on 05/23/2020 9:00:16 AM PDT by Newbomb Turk
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